Other
CIMA BA2 Practice Test Chapter 1-The context of management accounting
CIMA BA2 Practice Test Chapter 1-The context of management accounting
[Show more]
Content preview
BA 2 - Fundamentals of Management AccountingPractice questions
The context of management
accounting
Chapter one
, 7
01. LMN is an international clothing manufacturer specialising in producing waterproof jackets.
Consider the following decisions and match each to the level of the organisation where these
decisions would be made.
Decision Level
A decision to take over a rival Strategic
company to expand its
production into different
markets
A decision on the ordering of Tactical
material for production
A decision about the pricing Operational
of the products
02. Use the following words to complete the sentences regarding levels of information.
● Strategic
● Tactical
● Operational
● Higher
● Lower
● More
● Less
A decision to diversify into a new market would be taken at the _________ level. Information for
operational level decisions will have a ___________ level of detail than information for strategic
level decisions. Strategic level information will be ____________ subjective than operational
level information.
03. Consider the following statements relating to financial accounting:
(i) The main purpose of financial accounting statements is to provide a true and fair view of the
financial position of an organisation at the end of an accounting period.
(ii) Financial information may be presented in any format deemed suitable by management.
BA 2 Fundamentals of Management Accounting. Quantia Learning
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ellewoods2. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £5.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
64438 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now